2022 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
60A.975 DEFINITIONS.
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Subdivision 1.Application.
For purposes of sections 60A.975 and 60A.976, the definitions in this section have the meanings given them.
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Subd. 2.Annuity issuer.
"Annuity issuer" means an insurer that issues an insurance contract used to fund periodic payments under a structured settlement agreement.
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Subd. 3.Structured settlement.
"Structured settlement" means an arrangement for periodic payment of damages entered on behalf of a minor or incompetent person for personal injuries established by settlement or judgment.
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Subd. 4.Structured settlement agreement.
"Structured settlement agreement" means the agreement, judgment, stipulation, or release embodying the terms of a structured settlement.
History:
Official Publication of the State of Minnesota
Revisor of Statutes